COMPLIANCE & ANALYTICS SOLUTIONS FOR CENTRAL BANKS

Our work with the Reserve Bank of India (RBI) - one of the earliest XBRL projects among central banks in the world - started with defining their XBRL roadmap and ever since we have partnered in their XBRL journey. We have a global solution offering for Central Banksand this covers the international Basel II and Basel III standards.

BENEFITS FOR CENTRAL BANKS

BANKING TAXONOMY

CAPITAL ADEQUACY REPORTING

We have developed extensive XBRL reporting for central banks to regulate capital adequacy within banks based on Basel II & III standards.

END TO END XBRL SOLUTION

Comprehensive solution beginning with data collation and report creation by financial institutions to analysis of the reported XBRL data by the central bank's stakeholders.

EFFICIENT REPORT

Our platform solution performs stably and scales well under continuous and voluminous filing, the usual characteristics in bank reporting.

DATA READY FOR ANALYSIS

No need to work with reported data to make them analysis ready. With our solutions the XBRL tagged data can be flown into analysis or comparison templates without transforming data manually.

AUTOMATED FILINGS

Reporting banks benefit by eliminating the need to manually process, compute and file reports with the central bank. Our solutions need a one-time setup and there on the accuracy and integrity of data is maintained by the automated process.

STRAIGHT-THROUGH PROCESS

Data in the report templates is sourced directly from the reporting financial institutions’ central data repository with no manual intervention. This ensures that the data submitted with the Central Bank will always be trustworthy.

INTEROPERABILITY

With a banking XBRL taxonomy Central Banks can effectively promote interoperability across financial information systems in the industry they regulate, making information more accessible and transparent.

CASE STUDIES

The QFCRA, Qatar wanted to upgrade prudential filings to more accurate and automated submissions. The challenge was to maintain data integrity and conduct quick analysis leading to effective, risk-based supervision. Read how QFCRA upgraded its prudential filings using IRIS iFILE.

WHITE PAPERS

SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.